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Azerbaijan - Walnuts - Market Analysis, Forecast, Size, Trends and Insights
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Azerbaijan: Walnut Market Overview 2021

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Walnut Market Size in Azerbaijan

After two years of growth, the Azerbaijani walnut market decreased by -X% to $X in 2019. In general, the total consumption indicated notable growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.

Walnut Production in Azerbaijan

In value terms, walnut production shrank to $X in 2019 estimated in export prices. Over the period under review, production, however, saw a measured increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2015 to 2019, production growth failed to regain the momentum.

The average yield of walnuts in Azerbaijan reduced modestly to X tonnes per ha in 2019, waning by -X% on 2018. Overall, the yield saw a mild setback. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the average walnut yield attained the maximum level at X tonnes per ha in 2007; however, from 2008 to 2019, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The walnut harvested area in Azerbaijan expanded slightly to X ha in 2019, growing by X% on the previous year's figure. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X% against the previous year. The walnut harvested area peaked in 2019 and is expected to retain growth in years to come.

Walnut Exports

Exports from Azerbaijan

In 2019, the amount of walnuts exported from Azerbaijan was estimated at X kg, therefore, remained relatively stable against 2018 figures. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, walnut exports amounted to $X in 2019. Overall, exports recorded a relatively flat trend pattern.

Walnut Imports

Imports into Azerbaijan

In 2019, purchases abroad of walnuts increased by X% to X tonnes, rising for the fourth year in a row after two years of decline. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Imports peaked in 2019 and are expected to retain growth in years to come.

In value terms, walnut imports declined slightly to $X in 2019. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2018, and then fell in the following year.

Imports by Country

In 2019, Ukraine (X tonnes) constituted the largest walnut supplier to Azerbaijan, with a X% share of total imports. Moreover, walnut imports from Ukraine exceeded the figures recorded by the second-largest supplier, Russia (X tonnes), sevenfold. Chile (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Ukraine stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Chile (+X% per year).

In value terms, Ukraine ($X) constituted the largest supplier of walnut to Azerbaijan, comprising X% of total imports. The second position in the ranking was occupied by Chile ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Ukraine stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+X% per year) and Russia (-X% per year).

Import Prices by Country

The average walnut import price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Overall, the import price, however, enjoyed a strong increase. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the United Arab Emirates ($X per tonne), while the price for Kyrgyzstan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Chile, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for walnuts in the world?
+
China (2.5M tonnes) constituted the country with the largest volume of walnut consumption, accounting for 56% of total volume. Moreover, walnut consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (469K tonnes), fivefold. Iran (338K tonnes) ranked third in terms of total consumption with a 7.4% share.
What are the largest producers of walnuts in the world?
+
The country with the largest volume of walnut production was China (2.5M tonnes), accounting for 55% of total volume. Moreover, walnut production in China exceeded the figures recorded by the second-largest producer, the U.S. (592K tonnes), fourfold. Iran (321K tonnes) ranked third in terms of total production with a 7% share.
What are the leading suppliers of walnuts to Azerbaijan?
+
In value terms, Ukraine ($1.2M) constituted the largest supplier of walnut to Azerbaijan, comprising 64% of total imports. The second position in the ranking was occupied by Chile ($186K), with a 9.8% share of total imports. It was followed by Russia, with a 9.1% share.
What is the average import price for walnuts in Azerbaijan?
+
The average walnut import price stood at $1,105 per tonne in 2019, declining by -3.7% against the previous year.

Product coverage:
• FCL 222 - Walnuts

This report provides an in-depth analysis of the walnut market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Azerbaijan

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Azerbaijan
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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